Okuma (TSE:6103) Debt-to-Equity : 0.02 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Okuma Debt-to-Equity?

Okuma's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Okuma's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,000 Mil. Okuma's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円216,903 Mil. Okuma's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Okuma's Debt-to-Equity or its related term are showing as below:

TSE:6103' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.2
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Okuma was 0.20. The lowest was 0.02. And the median was 0.07.

TSE:6103's Debt-to-Equity is ranked better than
93.98% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6103: 0.02

Okuma Debt-to-Equity Historical Data

The historical data trend for Okuma's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Okuma Debt-to-Equity Chart

Okuma Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.04

0.03

Okuma Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.02	0.02	0.02

Competitive Comparison of Okuma's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Okuma's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Okuma's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Okuma's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Okuma's Debt-to-Equity falls into.

Okuma Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Okuma's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5000)	/	203515
	=	0.02

Okuma's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5000)	/	216903
	=	0.02

Okuma (TSE:6103) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Okuma Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Okuma's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Okuma (TSE:6103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Okuma Corp (TSE:6103) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6103:Japan

Address

5-25-1 Shimo-Oguchi, Ohguchi-cho Niwa-gun, Aichi, JPN, 480-0193

Website

http://www.okuma.co.jp

Okuma Corp is a Japan-based company that manufactures machine tools. The company's product portfolio comprises CNC lathes, aluminum wheel applications, horizontal multitasking machines, machining centers, and so on. In addition, the company provides other solutions including applications, system technologies, aftersales services, and others. The company has a number of subsidiaries overseas, including Okuma America Corp. (America), Okuma Europe GmbH (Germany), Okuma Machine Tool (Shanghai) Co., Ltd (China), BYJC Okuma (Beijing) Machine Tool Co., Ltd (China) and Tatung-Okuma Co., Ltd (Taiwan). In the domestic market, the company primarily operates through Nippon Seiki Shokai and Okuma Kosan Corp. The company generates around half of its revenue from overseas markets.

Okuma (TSE:6103) Headlines

No Headlines